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MYHOME INTERNATIONAL PLC - The AA Of The Home - Now Appearing On AIM. (MYH)     

goldfinger - 31 Dec 2006 09:35

Listed on the AIM market on Friday the 29th of December.

Picture1.jpgheader_r1_c6.gifsplash2_01.jpgmyhome_new8.jpglogo_black.jpgp.php?pid=legacydaily&epic=MYH&type=1&sip.php?pid=staticchart&s=OF^MYH&p=0&t=1&c MARKET CAP 31 Million, Opened up on Aim at 68p mid price. Large investors include Unilever and Nigel Wray consortium. 4 million will be used by Myhome as working capital in order to further build its franchise. The company is CEOs O'Connell's creation. He merged his own residential cleaning business with a carefully researched and computerised rival developed by Unilever. The detergent behemoth lost interest after spending, in small company terms, a fortune developing an IT franchising operation. It still has shares in Myhome, issued when it sold out. There is no doubt that Unilever's sophisticated computerised system has provided Myhome with invaluable infrastructure.
It has allowed it to expand its home-cleaning operations and buy other franchise businesses. Besides residential cleaning, the group undertakes grass cutting, oven and car cleaning, and kitchen and bathroom refurbishment. It has about 300 franchisees; in three years it expects the number to top 700.

p.php?pid=staticchart&s=OF^MYH&p=5&t=1&c

Myhome International PLC
29 December 2006



29 December 2006



MYHOME INTERNATIONAL PLC



Admission to AIM



Myhome International Plc ('Myhome' or the 'Company') today announces that its
ordinary shares have been admitted to trading on the AIM market of London Stock
Exchange plc ('AIM') and that unconditional dealings in its ordinary shares will
commence today ('Admission'). The ticker symbol remains unchanged and is 'MYH'.
The Company's shares will continue to be capable of being traded on PLUS.



Highlights



Significant presence in the home services franchise sector with over
290 franchisees;

Board with experience of operating franchise companies as well as
expertise in the retail and corporate environments;

Brands provide a variety of premium local services, supported by a
central infrastructure providing sales and administrative support;

Targeting further acquisitions including business to business as well
as business to consumer brands; and

4 million investment by Nigel Wray, Stephen Hemsley and certain other
investors (the 'Investors') completed today.



On 15 November 2006 the Company announced that the Investors had agreed to
subscribe 4 million for 10,000,000 new ordinary shares of 5p each in the
Company (the 'Subscription Shares') at a price of 40p per Subscription Share
conditional, inter alia, upon Admission becoming effective. In addition, the
Investors would be granted warrants (the 'Warrants') to subscribe for up to
7,500,000 new ordinary shares at 40p per share. All of the conditions under this
conditional investment agreement have now been satisfied and the Subscription
Shares and Warrants have today been issued to the Investors.



Further to the Company's second announcement on 11 December 2006, 500,000 new
ordinary shares have been issued to Robert Boot and 1,114,584 new ordinary
shares have been issued to Russell O'Connell pursuant to the exercise of options
and warrants respectively.



The AIM admission document is available at the offices of Myhome, 119 Richmond
Road, Kingston Upon Thames, Surrey, KT2 5BX or from the Company's nominated
adviser, Noble & Company, 5th Floor, 120 Old Broad Street, London, EC2N 1AR for
a period of one month after Admission.



Russell O'Connell, Executive Chairman, made the following comments: 'Myhome has
had an extremely successful period and we look forward to pursuing our buy and
build brand expansion strategy. We believe this move to AIM will allow us to
take advantage of the increased profile a listing on London's junior market
affords. The Group will benefit from better access to capital which will enable
Myhome to increase its rate of growth.'
---ENDS---

Company website..

http://www.myhomeplc.com/home_fs.htm

Old Historic thread with plenty of usefull contributions and information....

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10149#lastread

Latest analyst forecasts ...

Our highly conservative estimates put September 2007 earnings at 6.8p rising to 13.5p in 2008. At 68.5p, Myhome trades on a 2007 earnings multiple of 10.4 falling 5.3 in 2008. That does not discount the explosive growth we have learnt to expect from the group, including the newly incorporated revenue of Ovenclean and Autosheen plus future earnings enhancing acquisitions.

Our forecasts and recommendation are suspended pending the publication of a detailed note next month.


DYOR.

goldfinger - 19 Feb 2007 23:44 - 111 of 459

Many thanks Driver, very exciting.

goldfinger - 19 Feb 2007 23:45 - 112 of 459

AM, I like your deep analysis theory.

chad - 20 Feb 2007 00:04 - 113 of 459

What's everyone think to the Galleon tip in trading places?

AUGUSTMAN - 20 Feb 2007 08:46 - 114 of 459

I liked it - results were out end of Jan, and shares have slipped back since then. Thought MD Stephen Green represented himself well. They have an important year ahead ad IMHO have 12 months cash onboard, some good brands, but need to make it happen now.

AM

Madelin - 20 Feb 2007 18:37 - 115 of 459

Goldfinger , I have read most of your MYH threads with some interest. I wondered if you had any idea of the proportions that the brands each contributed to the profitability ?

goldfinger - 21 Feb 2007 00:10 - 116 of 459

Hi madelin, you should find your answer on the old thread.

Here..

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10149#lastread

Ive had a look on plus markets but when MYH moved from Ofex to AIM they have removed all the old news track history.

I would start at the last but one results. I think you will find your answer there.

Biscuit - 21 Feb 2007 16:22 - 117 of 459

Large Broker trade just gone through.

Biscuit - 21 Feb 2007 16:31 - 118 of 459

...and a cross-trade. I wonder if we'll get an RNS, those quantities are over 3% of the share capital, unless they're going to different people!

goldfinger - 21 Feb 2007 17:57 - 119 of 459

Interesting....

Madelin - 21 Feb 2007 18:50 - 120 of 459

Thanks Goldfinger , I have been reading the old thread. There is so much to take in. I was a little sceptical about this one because I thought that the barrier to entry would be low and thus margins low due to local competition competing on price therefore. The more that I read of this thread the more I like. Can I run my view of MYH by you , I would just like to clarify where I think this one could go ?

goldfinger - 22 Feb 2007 01:14 - 121 of 459

Short term target price Id say 110p - 120p (year) and that could be very conservative.

We will be in a far better position to judge the growth prospects here when we get the first of I believe of 3 broker views on it.

They are due any time now.

As for competition, no I cant see anyone being able to muscle in on MYHs patch. Ok we may have a few local operators but competitors no I cant see that hapenning as the company have an excelent low cost IT system supporting it and each francise as the ability to cross sell other services.

The CEO here as boasted of customers willing to hand over their credit cards before an ounce of work is completed.

Cash is king and by golly this one will be earning a lot of it.

goldfinger - 22 Feb 2007 11:59 - 122 of 459

Myhome International PLC
22 February 2007

For immediate release
22 February 2007



Myhome International plc

('Myhome' or the 'Company')



Notification of interest in shares



The Board of Myhome announces that formal notification has been received on 22
February 2007 that following a placing of 1,500,002 ordinary shares at a price
of 68 pence on 21 February 2007, Sara Leong Meng Yee no longer has a notifiable
interest in the Company. These shares were placed by the Company's broker, Noble
& Company Limited with a number of institutional investors.



As at 22 February 2007 the Company had a total of 46,240,853 ordinary shares in
issue.



ENQUIRIES:


stockdog - 22 Feb 2007 15:22 - 123 of 459

So does this mean a stock overhang removed and we can make further progress, or is this a new negative to take into account?

The 1.5m is showing in yesterday;s volume I assuem, with no movement inthe SP. Today we're down 0.50p on low volume.

The meaning of life has to be more than 42.

Biscuit - 22 Feb 2007 16:16 - 124 of 459

Sudden increase in volume, has a note been released on this?

silvermede - 22 Feb 2007 17:07 - 125 of 459

GF, Ref Posts 103 to 106: have solved the Tom W tip MYH mystery!

Tom has sold DOM and bought MYH in his SIPP and has also said that he can't tip MYH because Myhome is a client of t1ps' sister company Bishopsgate, so his hands are tied but of course actions speak louder than words!

stockdog - 22 Feb 2007 21:43 - 126 of 459

I see Nigel Wray and CEO Hemsley and the Chairman of DOM each sold a fair old chunk of DOM yesterday - as reported in todays Times. Wonder where they'll put their dosh next?

goldfinger - 22 Feb 2007 22:54 - 127 of 459

Cheers Silvers I thought it was strange Winnie hadnt gone in and recommended MYH.

goldfinger - 22 Feb 2007 23:14 - 128 of 459

SD a positive. Big seller out of the way.

Just found this on another B/Board giving the full winnie take on MYH...

I have sold my units and Domino's Pizza (DOM) at 664p realising a cash pot of 26.9 units. I have reinvested 8.2 units in MyHome International* (MYH) at 73.75p. Myhome is a client of our sister company Bishopsgate so I cannot write about it on tips but I like the stock and its management very much indeed. It is in many ways an earlier stage Domino's in that it is now delivering superb growth via franchising.
I reckon earnings could hit 15p within 2 years and on a half decent multiple that would see the stock doubling or trebling. ENDS.

Can one of you chaps please post it across the road on advfn, Im not welcome there at the moment, cheers in anticipation.


goldfinger - 22 Feb 2007 23:16 - 129 of 459

By the way it sounds rather good.

Madelin - 23 Feb 2007 07:12 - 130 of 459

I am interested in the contribution made by each of the brands and how it will pan out. I think that a lot of this shares progress will depend upon the quality and interests of the directors/creators. I see the basic material of the business as not that great (unlike say electric vehicles at present) but the right team could make this go really well.

GF I was interested in your point about plumbing or electrical services , a higher margin business. The cross selling centre could make that go well. The auto cleaning is interesting as there is some element of accreditation (ISO something)and larger contracts that in effect give us a barrier to entry against competitors. I note that Baronsmead have Autoclenz in their VCTs , contracts like the lloyds contract could be why.

The more that I think about this the more I like.
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